Nasdaq Threatens To Delist Bitcoin Mining Company Digihost Shares As It Has Been Trading Below $1 For 30 Consecutive Days, Digihost Is The Latest Mining Company To Enter The Danger Zone To Maintain Its Stance On Major US Stock Markets.
“The Company’s business operations are not affected by the notification. And the company is fully committed to fixing bugs and re-enforcing Nasdaq listing rules,” Digihost said in a statement.Documents submittedThe U.S. Securities and Exchange Commission on Friday The company has 180 days to comply with Nasdaq listing rules by trading $1 or more for a period of at least 10 consecutive days. However, such documents may qualify for an additional 180 day compliance period.
With a number of factors driving the bitcoin mining industry to a slump, Digihost is just the latest to see its stock in jeopardy.
in the past week Shares of the other three bitcoin mining companies fell below $1, while a few others traded slightly above that. The mining company’s share price has dropped sharply during the last week of trading. This could increase the risk of being delisted if the stock price does not recover above $1 per share.
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